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Kris Connor/Getty ImagesThe-Dream was scheduled to release his Crown Jewel album on Friday, but instead on Friday he announced that the date was being pushed back because he ended his distribution deal with Capitol Records.
In a lengthy Instagram post, the Grammy Award winner stated that he was pulling out of the contract after long negotiations, but he did not offer a reason. He did reveal he gained ownership of his masters so he can strike a deal with another company.
He wrote, ”Out of respect for Steve Barnett (Chairman & CEO of Capitol Music Group) I will not point any blame at Capitol Records although I am reserved in my feeling about certain things. A 3 month long negotiation has ended and I am no longer being distributed by Capitol Records.” He continued, “Basically even tho I have the record I could not put it up either. Doesn’t change the fact that I have a lot of music and would love for it to be out, but things happen when you are fighting for what’s right, we all will get over.”
A new release date has not been announced. Crown Jewel will be the follow-up to The-Dream’s 2013 album IV Play, that featured Beyonce, Jay-Z, Big Sean, 2 Chainz and Kelly Rowland.
The-Dream announced in January he was leaving Def Jam after releasing his first five albums on the label.
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